Rawalpindi: The Board of Revenue’s Registration Branch has officially restored the online property registration system following a formal notification of revised property tax rates issued via gazette.
Property registry operations had been suspended across Punjab for the past three weeks due to delays in finalizing the updated tax structure. With the new tax regime now in effect, registration activities have resumed.
According to the notification, significant changes have been introduced to the capital gains tax (CGT) on the DC (Deputy Commissioner) rate value of properties. These changes affect both buyers and sellers and vary according to the property value and the filer status of the individuals involved.
For properties valued up to PKR 50 million:
Active filers will now pay 4.5% CGT, up from 3%.
Late filers will be charged 7.5%, up from 6%.
Non-filers will incur a higher rate of 11.5%.
For properties priced between PKR 50 million and PKR 100 million:
Active filers will pay 5% CGT.
Late filers will pay 8.5%.
For properties exceeding PKR 100 million:
A flat CGT rate of 5.5% will apply to active filers.
The advance tax charged at the time of property purchase has also been revised. For buyers of properties valued up to PKR 50 million:
Active filers will now pay 1.5% advance tax, reduced from 3%.
Late filers will pay 4.5%, reduced from 6%.
Non-filers will be charged 10.5%.
For properties valued between PKR 50 million and PKR 100 million:
Active filers will pay 2%.
Late filers will pay 5.5%.
Non-filers will face a higher rate of 14.5%.
For transactions involving properties worth over PKR 100 million:
The restoration of the online registry system is expected to streamline property transactions once again, especially in urban centers such as Lahore, Rawalpindi, and Faisalabad, where activity had slowed amid the uncertainty. With the new tax framework in place, stakeholders across the real estate sector are now adjusting to the updated financial implications of property transfers.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
